Thursday, June 17, 2010

You think taxes are high now?

Just wait until Crap and Trade passes, Obamacare takes effect, and the Bush tax cuts expire. To all (naive, irrational, gullible, misled; there's all kinds of adjectives we can throw in here) people who think supporting fuzzy wuzzy liberal collectivist causes, such as "free healthcare for all" as they like to call it, and a "green jobs" energy bill, is totally 100% without consequence, you are like a sheep being lead to the slaughter. And you're taking all of us with you!

Obamacare moved The United States of America into the realm of socialism officially on March 21st, 2010 and placed an insurmountable burden of debt upon our future generations, all in the name of helping our fellow man. You just wait until 2014 when we are hit with a Value Added Tax (VAT) to pay for such misguided lunacy. At the beginning of next year, the Bush tax cuts will expire, adding even more taxes to the burdened American people. And when the Cap and Trade bill passes, it will be the last straw, I'm convinced of that. I'm no economist, and I'm no Harvard scholar, but I am a human being, and I have a brain with a cerebral cortex that allows me to reason based upon objective facts, something the government obviously cannot do. (ahh if only we had a government run by Ayn Rand and Milton Friedman.) And what I reason is that if Cap and Trade passes, there is no doubt we are done for.

Last night I read a post from the Conservative Lady regarding Arthur Laffer's theory that the US economy will collapse totally in 2011. Talk about sobering. Just look at these numbers:

On or about Jan. 1, 2011, federal, state and local tax rates are scheduled to rise quite sharply. President George W. Bush's tax cuts expire on that date, meaning that the highest federal personal income tax rate will go to 39.6% from 35%, the highest federal dividend tax rate pops up to 39.6% from 15%, the capital gains tax rate to 20% from 15%, and the estate tax rate to 55% from zero.

Factor in the cost of Cap and Trade ($1,761 per year for each family according to the Obama administration) , Obamacare (around $8,000 per year per family), and the Value Added Tax and we are looking at a full fledged statist/socialist America on the road to full collapse.

Oh and by the way, our entire treasury is owned by China, and our nation is 13 trillion dollars in debt and growing.

Now think and reason here. Does this look like a sustainable path?

1 comment:

Gorges Smythe said...

Liberals - gotta love 'em!